Sterling Infrastructure Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $290.2M | $257.5M | $138.7M | $106.5M | $62.6M | $42.3M | $40.7M | $29.5M |
| Depreciation & Amortization | $77.1M | $68.4M | $57.4M | $52.1M | $34.2M | $32.8M | $20.7M | $16.8M |
| Depreciation | $54.9M | $51.4M | $42.2M | $36.5M | $21.0M | $19.7M | $16.0M | $14.4M |
| Amortization | $22.2M | $17.0M | $15.2M | $14.1M | $11.5M | $11.4M | $4.7M | $2.4M |
| Stock-Based Compensation | $24.2M | $19.0M | $14.6M | $12.7M | $11.8M | $11.6M | $3.8M | $3.1M |
| Net Cash from Operating Activities | $440.0M | $497.1M | $478.6M | $219.1M | $158.9M | $122.9M | $42.1M | $39.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $77.3M | $81.0M | $64.4M | $60.9M | $46.7M | $32.9M | $15.4M | $13.2M |
| Business Acquisitions | $482.3M | $11.2M | $51.2M | $18.0M | $180.9M | $0 | $396.3M | $0 |
| Net Cash from Investing Activities | $-551.9M | $-185.8M | $-87.8M | $-89.8M | $-223.4M | $-30.5M | $-410.4M | $-11.4M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $74.2M | $70.6M | $0 | $0 | $0 | $0 | $3.2M | $4.7M |
| Net Cash from Financing Activities | $-161.5M | $-118.6M | $-104.5M | $-32.8M | $80.6M | $-70.3M | $320.9M | $-18.0M |
| Net Change in Cash | $-273.5M | $192.6M | $286.3M | $96.6M | $16.1M | $22.1M | $-47.4M | $10.1M |
| Free Cash Flow | $362.7M | $416.2M | $414.2M | $158.2M | $112.3M | $90.0M | $26.7M | $26.3M |